Acquisitions4 Feb 2025, 09:29 pm
Happiest Minds to Acquire AureusTech Systems in $16.24 Million Deal
AI Summary
Happiest Minds Technologies Ltd has executed a Share Purchase Agreement to transfer AureusTech Systems Private Limited from its Wholly Owned USA based Subsidiary Happiest Minds Inc. The transaction is part of the restructuring being undertaken to merge acquired entities and to rationalize overall holding structures and step-down subsidiaries of the Company. Post completion of the said transfer/restructuring, Aureus India will become a wholly owned subsidiary of the Company.
Key Highlights
- Happiest Minds to acquire AureusTech Systems Private Limited for $16.24 Million.
- Acquisition is part of the restructuring to merge acquired entities and rationalize holding structures.
- Aureus India will become a wholly owned subsidiary of Happiest Minds post acquisition.
- Transaction is on arm's length basis.
- Acquisition expected to be completed by February 2025.